Norilsk Nickel buys state stake in Yenisei River Shipping for 469 mln rubles
MOSCOW. Sept 11 (Interfax) - Russia's Federal Property Agency has sold a state stake of 32.28% of common shares (25.5% of charter capital) in Yenisei River Shipping Company at auction to mining giant Norilsk Nickel , a statement posted by the agency on its website on Wednesday shows.
Two companies participated in the auction: Norilsk Nickel and LLC Logistic Center.
The starting price was 469 million rubles and the bidding increment was 5 million rubles, but there was no competing bid and the stake was sold to Norilsk Nickel for the starting price.
Norilsk Nickel has thus consolidated 84.19% of common shares in Yenisei River Shipping. The Federal Anti-Monopoly Service earlier gave the green light for Norilsk Nickel to consolidate 100% of shares in the company, and the mining company confirmed to Interfax that it still has such plans.
Yenisei River Shipping carries freight and passengers in the basins of the Yenisei, Angara, Nizhnaya and Podkamennaya Tunguska rivers and their tributaries. The company has a fleet of more than 650 vessels with combined capacity of about 700,000 tonnes. Norilsk Nickel is one of the shipping company's biggest customers.